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Benzinga
Benzinga
Chris Katje

Fidelity Raises Valuation Of Elon Musk's X, But It Remains 72% Below Buyout Price

Elon Musk Fidelity X Twitter Inc. Donald Trump XAI SNAP Tesla Inc. Meta SpaceX

Fidelity is raising its valuation for X Holdings, the company formerly known as Twitter, after months of marking its small stake down since Elon Musk bought the social media company.

What Happened: Fidelity holds a small stake in X Holdings through its Fidelity Blue Chip Growth Fund (FBGRX). Its monthly holdings updates regularly reveal how the financial firm values the social media platform compared to the $44 billion Musk originally paid.

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